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Q: Can I exchange fake notes for real ones at a bank?
...surely there's got to be some kind of compensation for victims of money forgery.
12 years 34 weeks ago in Money & Banking - China
no
... surely there can be more effort put in a question?
Surely there can be more effort in an answer! I've gotten fake notes from an atm several times, so surely if you can prove that it came from the bank they will compensate you. You really don't deserve any points for that answer. Two thumbs down!!!!!! 
With a confused laowai face, most small places will end up taking it just so they don't have to go through the hassle of explaining. It works best if you pretend that you don't speak a single word of Chinese.
If not, take it as a lesson learned and give the fake to a beggar. It will make his day, and if he is really in need of the money (not the fake beggars) then he'll spend the effort to find someone that will take it. Then the bill can be passes off to the next laowai and the circle of life starts all over again.
my understanding is that they dont make any effort to verify your story they just dont care and will not take it back, but be carefully of shop keepers that try to claim it is fake and "confiscate" it
there is nothing wrong with your question straight to the point
some people are simply arrogant and expect everything to be book length
Hey, don't fret darling. You don't deserve the 2 points either, but i got double your amount because i took the time to answer your question.
"two thumbs down"? What's your other avatar?
and yeah, i know how you feel. I got about 15k rmb in fake money that the atm gave me, but the bank won't exchange it for real one 
Officially if you recieve a bad bill you are S.O.L.
OK Dudes and dudettes,
When you get the notes at the bank, stay at the window, feel the collar on Chairman Mao (to make sure you can feel the ridges). Hold them up to see the lil Chairman MAo "Ghost" thingee on the bill. Take your freaking time. If some Chinese A hole yells you, tell him Biedsway (shut up)! Geez, its China, you already stood in line for an hour for something that would take 15 minutes in the US. Revel in your moment!
Most fake bills are in the Bank Machines. They know you will walk away and then later you got no case! If at the bank machine, you get fake bills follow the advice from above. Stand there, look at the camera, throw some rocks at it (I carry them). Eventually that" Barney Fife" guard from Mayberry RFD chinese dude (maybe has a gun, but they only give him 1 bullet and make him keep it in his pocket) will come out. And you can explain.
If you walk away from that teller window, or bank machine...you are royally screwed! You aint gettin jack.
They have taken those fake bills back every time. Good thing or they would have my ass to whip!
BTW most fake chinese bills originate from N Korea!
Ive been here along time. I know how to do!
Wiki-ExpatJohn, are those 'money' torches (flashlights) that show up the gold flecks in the bill effective? Do those gold flecks indicate a real note, or do fake ones have them as well?
If that was the case dont you think that colour photocopiers across China would be working overtime?
If you think you have gotten a fake note from a machine, hold up the bill(
toward the camera, make sure that the serial number is also visible to the camera. Then you have (Chinese) proof that you received a fake note from the machine.
There seems to be a lot of fake notes going around lately, so be careful.
